CHAMPCAR/CART: Fluor Corporation Joins Team Rahal as a Sponsor

ALISO VIEJO, Calif., Sept. 10, 1999 - Fluor Corporation's (NYSE:FLR) new logo, unveiled on Thursday as part of a new branding strategy for the global engineering, construction and diversified services company, will be featured on two of the ...

ALISO VIEJO, Calif., Sept. 10, 1999 - Fluor Corporation's (NYSE:FLR) new logo, unveiled on Thursday as part of a new branding strategy for the global engineering, construction and diversified services company, will be featured on two of the world's most recognizable race cars beginning this weekend during the Grand Prix of Monterey at Laguna Seca Raceway. Fluor has agreed to join Team Rahal, one of the world's leading competitive race teams and a competitor in the CART FedEx Championship Series, as an associate sponsor beginning with this weekend's races. Fluor's logo will be affixed to the Shell and Miller Lite Ford-Cosworth/Reynard championship cars piloted by Bryan Herta and Max Papis. Fluor's sponsorship will see the global engineering and construction company sponsor seven the team for races during its affiliation. "We are looking forward to gaining valuable exposure for our new image from this sponsorship opportunity," said Fluor's Philip Carroll, chairman and chief executive officer. "In terms of timing and the national reputation of Team Rahal, it is a partnership that will be visible and extremely valuable in raising the awareness of our company." "We are thrilled to have another world-class company of Fluor's reputation joining Team Rahal in our quest for the PPG Cup," said team owner Bobby Rahal. "It's an honor for our team and our sport to be participating in this exciting branding initiative." Team Rahal was founded by three-time CART series champion and the 1986 Indianapolis 500 winner, Bobby Rahal, and his partner, television talk show host David Letterman. Team Rahal is a franchise member of Championship Auto Racing Teams (CART). Headquartered in Hilliard, Ohio, Team Rahal's record of success includes five race wins, nine pole positions, 40 podium appearances and the 1992 CART Championship. Fluor Corporation, with fiscal 1998 revenues of $13.5 billion, conducts business on a global basis in the fields of engineering, procurement, construction, global services and coal production.

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Series Automotive , IndyCar
Drivers Bobby Rahal , Bryan Herta